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Nov 28, 2012
11/12
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and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, tre have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unempl
and will it get the economy going, no. so regardless of pledge or no pledge, i don't have a horse in this race, i'm part of the common sense party here, we have to fix the problem and raising taxes doesn't fix that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, tre have been many...
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i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about raising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the month. i want to tell you something, in spite of what it might look i'm actually optimistic i think this is the way negotiations happen. melissa: you are? >> in the political world, i am, i am. in the political world, you know 30 days is a lifetime. and so i believe that we will reach agreement. now what i don't believe will happen i don't believe we'll solve a
i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because...
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the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens again.
the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create...
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Nov 29, 2012
11/12
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 pe
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight,...
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Nov 28, 2012
11/12
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CNBC
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we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent
we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california...
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it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on the so-called wealthy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being f
it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and...
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550
Dec 5, 2012
12/12
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FOXNEWSW
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since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >>
since world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is...
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Nov 30, 2012
11/12
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CNNW
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid, cold, and flu relief. >>> president obama and mitt romney face-to-face for the first time since the election. we will tell you how it went and what the former political rivals discussed. >>> a small but symbolic victory for palestinians today. the united nations assembly voted overwhelmingly to grant palestinians what's called nonmember observer state st
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you!...
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Dec 4, 2012
12/12
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MSNBCW
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you don't need to take money out of the economy. you don't need to further contract the economy. you need to stimulate the economy. the economists who track this stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary g
you don't need to take money out of the economy. you don't need to further contract the economy. you need to stimulate the economy. the economists who track this stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth...
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Nov 30, 2012
11/12
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economists will come on your show and tell you that that would not be good for the economy. so i think we're dealing with a degree of artificiality right there. >> congressman keith ellison, thanks for joining us. >> any time. thank you. >>> for more on this, let's bring in our cnn political contributor and republican strategist, mary matalin and cornel belcher, democratic strategist and pollster with the obama 2012 campaign. mary, what do you make of the details of this opening bid from the white house? republicans have already dismissed it but does it give us any clues at all about what an eventual deal might look like? >> it's reported that mitch mcconnell, senate minority leader, burst out laughing when he heard it. it's not even worthy of a laugh. it's really sad, it's pathetic. we went from a reasonable theoretical $3 in cuts for $1 in revenue which was basically the simpson-bowles, and are now at $4 of real and immediate tax increases plus new spending for in the future unspecified, uncertain cuts to we don't know what. how could anyone take that seriously? i don't ev
economists will come on your show and tell you that that would not be good for the economy. so i think we're dealing with a degree of artificiality right there. >> congressman keith ellison, thanks for joining us. >> any time. thank you. >>> for more on this, let's bring in our cnn political contributor and republican strategist, mary matalin and cornel belcher, democratic strategist and pollster with the obama 2012 campaign. mary, what do you make of the details of this...
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Nov 29, 2012
11/12
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KGO
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. >> you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. >> reporter: the latest abc news/"washington post" poll shows the public is with the president on this debate. on this debate. 60% support raising taxes on incomes higher than $250,000. >> it's going to affect their standard of living very little, if at all, and -- the rest of us are being asked to pay for a party that we weren't invited to. >> congress doesn't do anything, then -- i have a feeling that it's really going to be devastating for next year. >> reporter: on other proposals, the poll shows the public is mixed when it comes to increasing revenue by eliminating the mortgage income tax deduction. but they decidedly do not want to see the medicare eligibility age go up from 65 to 67. >> it bothers me when they say it's an entitlement, when we actually paid all these years when we were working. >> i think it's very difficult for people to reach a compromise, which is unfortunate, because the nation is what suffers. >> repo
. >> you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. >> reporter: the latest abc news/"washington post" poll shows the public is with the president on this debate. on this debate. 60% support raising taxes on incomes higher than $250,000. >> it's going to affect their standard of living very little, if at all, and -- the rest of us are being asked to pay for a party that we...
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Dec 1, 2012
12/12
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CNNW
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and louise strategy that would take us over the cliff putting families and small businesses and weak economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then he went into a classroom and killed another person and then killed himself. the victims have not been identified, but police say all three, two men and one woman knew each other and they add that the attacker appeared to have worked alone. >>> we've got much more ahead this hour. >> here's a look at what's coming up. >> storming capitol hill naked. no, it wasn't a frat prank, it was a statement for aids awareness. and you won't believe whose office they took over. >> i think that what we can conclude is that we've got to be better. >>> an extreme makeover. that's what some republicans say the party needs after losing
and louise strategy that would take us over the cliff putting families and small businesses and weak economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then...
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economy. >> can you get the backlog up and running? will the store shelves be filled up again and will back orders be filled? >> it will take five or six days to do that and then we got to work around the clock to get the goods to people to make sure that santa has all of the presence under the tree and hanukkah is being celebrated. >> okay. so next question. this has to do with pot. we opened the show with the issue of pot. it is an issue that your state knows intimately with medical marijuana be legalized. you have a complex relationship with that legalization. i don't want to get into your local issues. i want to get into your issues with the fed. so many people don't understand how these federal laws that continue to ban marijuana sale, use, trafficking, et cetera, will reconcile with state laws that are allowing it. have you had complex conversation with eric holder and the feds on backing off and allowing states to do their things? >> no, i haven't. i believe that the governor has but we've had our own problems locally because ou
economy. >> can you get the backlog up and running? will the store shelves be filled up again and will back orders be filled? >> it will take five or six days to do that and then we got to work around the clock to get the goods to people to make sure that santa has all of the presence under the tree and hanukkah is being celebrated. >> okay. so next question. this has to do with pot. we opened the show with the issue of pot. it is an issue that your state knows intimately with...
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Nov 30, 2012
11/12
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FBC
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great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of time. i want to get your second pick, corporate bond fund lqd. why do you like them quickly. >> again governments don't look nearly as good as corporations. corporations have record levels of cash and really healthy balance sheets and looking to pay off great income. david: lenore hawkins, emeritus advisors, have a wonderful weekend. >> you too. thanks for having me. david: liz? liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinoi
great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of...
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Nov 29, 2012
11/12
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FOXNEWSW
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money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the co
money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans....
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Dec 3, 2012
12/12
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CNBC
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an improving economy. sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
an improving economy. sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual...
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Dec 1, 2012
12/12
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CNBC
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they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was back in 2011. i just want to ask, is it better to own those low-rate bonds right now? or jim la camp, i want you both to weigh in quickly. is it better to own corporate bonds or treasury bonds during this tiff over the fiscal cliff, or is it better to own stocks? real quick. >> well, short term we're going to have a lot of gyrations. but those yields are under the inflation rate. you're getting negative real returns on these. that's one of the reasons the stock market has been more buoyant. >> and don luskin, is it better to own bonds during this fiscal cliff tiff? >> y
they've taken on more debt into deteriorating economy. you tell me how that translates to this has all been fixed and this is all solved. it's not solved at all. [ overlapping speakers ] >> spain has about the same debt to gdp ratio as germany. that good enough for you? >> [ overlapping speakers ] >> hang on, fellows. let's not get hung up on spain. what i want to come back to is the usa. because our market has not collapsed, it's really different than it looks like it was...
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no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on the lows, we had some negative economic data points, and i think that's what we're in for until we get some clarity on what happens with the cliff. >> all right, charlie, folks have got to put their money to work somewhere, you think the back half of 2013 will be strong. what stocks do you like today that could prosper later on? >> well, i think some of the aerospace names have, you know, air traffic continues to grow around the world. the fleets are old. the replacement cycle is going strong. boeing just announced that they're going to take the
no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on...
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Dec 5, 2012
12/12
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CNBC
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we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
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Dec 5, 2012
12/12
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CNNW
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obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle that we all want to see. what is holding us back right now, ironically, is a lot of stuff that's going on in this town and i know that many of you have come down here to try to see, is there a way that we can break through the log jam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more than me. i know that you've got a lot of briefings but let me just try to describe where the situation is right now with respect to our fiscal situation, both what the opportunities are but what also the challenges
obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle...
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Dec 2, 2012
12/12
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long tv term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now and when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those proposals, no surp
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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Dec 3, 2012
12/12
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CNBC
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if we get a deal and it's good for the economy, millionaires would grow by 230,000 and their fortunes would soar by $1 trillion. yo under score the cost of the cliff, if no threat of a cliff at all, the number of millionaires would grow by 443,000, a 9% increase. the difference between no cliff and going over the cliff is more than 750,000 millionaires, or about $1.3 trillion in worth, the gdp of canada. i'm looking at the impact of economic growth on millionaires, not attacks which could reduce that growth but a cliff deal alone could be worth $1 trillion in new wealth and new millionaires. another reason why the folks in washington should keep on talking. >> really interesting stuff. so, while we have you, robert, let's talk about what we learned on oracle, announcing plans to pay out second quarter, third quarter and fourth quarter dividends this month. what is ceo larry ellison's cut on this? is it $199 million as reported a minute ago? >> it sounds like it's around $200 million. you had that great interview with him where he's talking about his dream of buying the lakers. this mi
if we get a deal and it's good for the economy, millionaires would grow by 230,000 and their fortunes would soar by $1 trillion. yo under score the cost of the cliff, if no threat of a cliff at all, the number of millionaires would grow by 443,000, a 9% increase. the difference between no cliff and going over the cliff is more than 750,000 millionaires, or about $1.3 trillion in worth, the gdp of canada. i'm looking at the impact of economic growth on millionaires, not attacks which could...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction -...
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Dec 6, 2012
12/12
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>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time. whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be live blogging in january, you should check that out, thanks for
>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost...
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Dec 4, 2012
12/12
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CNBC
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do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >> i really do. i think they want to go home for christmas. they're not going to want to not go home for christmas. you can always count on
do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad...
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Dec 6, 2012
12/12
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the economy's growing two percentage points. subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betti
the economy's growing two percentage points. subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the...
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Nov 30, 2012
11/12
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FBC
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economy more we expect in 2013. longer we delay more economic impact we have and that is starting to weigh on our earnings estimates. >> your client tele, pension funds, hedge funds, institutional investors. what do those guys say what is going on? >> try to weigh all the different data points coming in. it is difficult to get a read through as you mentioned on the fourth quarter because of the hurricane. tracy: right. >> there is generalized improvement in housing but nobody is really sure how long tailed that improvement might be. if the economy is really decelerating in the short term. i would say we're getting a feel where we're headed in 2013. investors are loathe to avoid equities because the fed is clearly backstopping from a monetary perspective but at the same time they're somewhat afraid what could happen at the fiscal level. tracy: you're having to move into more defensive sectors in the s&p. does that mean you say take gains now while taxes are somewhat certain and move yourself into sectors like health
economy more we expect in 2013. longer we delay more economic impact we have and that is starting to weigh on our earnings estimates. >> your client tele, pension funds, hedge funds, institutional investors. what do those guys say what is going on? >> try to weigh all the different data points coming in. it is difficult to get a read through as you mentioned on the fourth quarter because of the hurricane. tracy: right. >> there is generalized improvement in housing but nobody...
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Dec 5, 2012
12/12
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but the global economy. it would probably kick-fire a fantastic christmas for american businesses and everyone could go to christmas and have a great holy with their family and be grateful to republicans and democrats but if we don't get to christmas with a deal, it's going to ruin everybody's christmas, going to ruin everyone's economy and everyone is going to hate every politician. >> one of the things that we talked about today was the need for certainty, particularly for the business community. we all want the business community to be investing to hiring and as long as there's a lack of clarity in terms of what it's looking like going forward, they're less likely to do that. the other thing we talked about and this is something governor scott walker of wisconsin brought up, we're concerned not just about the fiscal impact but we're also concerned about economic growth. as governor herbert said, we all want to see growth and the president was very interested in that. we talked about, for example, infrastr
but the global economy. it would probably kick-fire a fantastic christmas for american businesses and everyone could go to christmas and have a great holy with their family and be grateful to republicans and democrats but if we don't get to christmas with a deal, it's going to ruin everybody's christmas, going to ruin everyone's economy and everyone is going to hate every politician. >> one of the things that we talked about today was the need for certainty, particularly for the business...
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Dec 5, 2012
12/12
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the episode we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. >> but here is how the episode ended. there you see senator portman with four of the protesters after his speech. well, according to buzz feed, portman and those four protesters, all ohio residents, had an impromptu meeting after his speech ended. it lasted about 20 minutes and concluded with that group photo. i guess that's one way to be a politician and a protester. get the guy's attention, he gets their attention, they meet, you have a meeting, something gets done. >>> also, why is sarah palin apologizing to fellow republicans? it turns out she's having second thoughts about warning them not to be wusses in debates on taxes and government spending. here is palin and her mea culpa, plus a nugget about socialism. >> well, i guess i shouldn't call politicians names -- >> why not? >> i apologize for calling the wobbly ones wusses. that distracts from the point that has to be made. i say go back to what the planks in your platform represents. it
the episode we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. >> but here is how the episode ended. there you see senator portman with four of the protesters after his speech. well, according to buzz feed, portman and those four protesters, all ohio residents, had an impromptu meeting after his speech ended. it lasted about 20 minutes and concluded with that group photo. i guess that's one way to be a politician and a protester. get the guy's attention, he...
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Dec 6, 2012
12/12
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CNBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed out a couple of its auto companies, but now should the federal government bail out the entire city of detroit? incredibly, some say yes. ahead of president obama's visit to detroit monday, that will be his first in nearly eight months, detroit councilwoman e joe -- joanne watson thinks so. >> our people overwhelmingly supported president obama and quid pro quo. >> joining me is doc thompson of talk radio 1270 wxyt. doc, welcome. let me start without this thought. if you have a federal bailout of detroit, doesn't that mean that citizens, taxpayers of texas, let's say, would
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed...
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Nov 28, 2012
11/12
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CNBC
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that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year, starting january 1st, every family in america will see their taxes go up. are a typical middle-class family of four would so its income taxes go up by $2200. $2200 out of people's pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle-class families can't afford that. by the way, businesses can't afford it, either. yesterday i sat down with small business owners who stressed this point, that economists predic
that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congress does nothing, every family in america will see their taxes...
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Dec 1, 2012
12/12
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and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say well -- >> greta: you think it is posturing to make it a game? >> i think the first offer from the democrats should have been a couple weeks ago. the first offer had to be really bad, the democrats just won an election, their interest groups everyone that fought and bled for that election feels like they did well they can't give something that negotiates away a lot of what they want going to ask for something unrealistic and hoping to get something back. the first offer has to be rejected out of hand. >> greta: i think it is insulting. >> i think the republicans expected something bad, i just don't think
and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterday, whether they take it personally or they just say...
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Nov 29, 2012
11/12
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this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i understand it, i understand the broad principles, but i don't have the nuts and bolts of it. and i hear the president say he's ready, willing and excited to have bipartisanship, but i don't know what his plan is either. >> again, his budgets, four budgets, yet to propose a solution to save social security or medicare. can't even get democrats or house senators to vote for his plan. we haven't seen his plan. that's a real tragedy. the president, it's incumbent on him. he won, time for him to govern, show the american people his balanced plan. he talked about it all the time. we know where he wants to increase revenue. he
this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i...
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we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has definitely turned the corner. it is coming at such a low base that it really is not doing much for gdp growth. we just got the gdp numbers last week. we had residential investment of 14% in real terms. very good. what does it add to gdp, three tenths of 1%. we are coming from such a lopez that it just does not do much for the overall growth rate. lori: is there anything that can be done that we will avoid a recession altogether? >> not just a small down payment with a big? halfway through next year. i think another thing that can be done is to do th
we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has...
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Dec 6, 2012
12/12
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more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's compared to 32% who say tax cuts should continue for everyone. >> well, hillary clinton says she insists that she wants to get out of politics. but a new poll shows that the majority of americans are hoping she has a change of heart. the latest abc news/"washington post" poll shows 50% of americans would vote for hillary clinton in 2016. 37% would oppose such a campaign. hillary clinton also has a strong bid of support in her home state of new york where 54% of voters say she would make a great runner. but new yorkers are not so enthusiastic about the current governor jumping into the race. 39% support andrew cuomo's 2016 presidential bid. and more on 2016, already casino mogul is also looking toward 2016 after spending almost $150 million on the 2012 election, the billionaire is vowing to continue
more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's compared to 32% who say tax cuts should continue for everyone. >> well, hillary clinton says she insists that she wants to get out of politics. but a new poll shows that the majority of...
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Dec 5, 2012
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don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the defense lobby. now here is the difference. the difference with this dynamic, the hostage takers last time have been taken hostage, right? the people who are prepared to bust through all of these moments and really go over the cliff are the democrats. they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's absurd. >> they won't say it to his face obviously. >> they'll tell it to other people. they ought to. >> when you're in the beltway, in the bubble, you realize things aren't quite as simple as all of that and things have to go through. there is this tremor, i think, going through state and local gover
don't put the economy through again. he's already preparing for that. >> the people who really get stuff done in washington, the business lobby, the defense lobby. now here is the difference. the difference with this dynamic, the hostage takers last time have been taken hostage, right? the people who are prepared to bust through all of these moments and really go over the cliff are the democrats. they don't mind taxes. you've got a different dynamic just because who is willing to go...
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Dec 1, 2012
12/12
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ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight. carter? >> reporter: scott, the sun broke through a few hours ago, but there still is a danger of flooding and mudslides through the weekend. more than half a foot of rain fell on northern california today. 40 mile per hour gusts have already knocked out power and toppled trees in san francisco. >> thankfully this didn't hurt anybody but it could be a lot worse. >> staying dry. >> thanks to you. >> where are you staying tonight? >> tonight, down the street. >> reporter: sister libby fernandez expects to help about a thousand people at this homeless center in sacramento with dry clothes and ponchos. >> this is weird because the weather's usually good here. >>
ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight. carter? >> reporter: scott, the sun broke...
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Dec 5, 2012
12/12
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a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agree. michigan senator debbie stabenow on filibuster reform. >>> later senator john kerry delivers an
a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all...